PackageTrendsPeer
Letter portraitLegal landscape

Sheaffer Employees

Fort Madison, IA · Charter 65501

Q1 2004

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2004, the quarter ended March 31, 2004, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: NCUA 5300 Call Report, as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Sheaffer Employees

Fort Madison, IA · Charter 65501

Q1 2004

$212KAssets
$140KLoans
$145KShares
$66KNet Worth

NIM

NIM decomposition not available for credit unions

Non-interest income vs. expense

Non-interest trend not available for credit unions

Executive Summary

  • Earnings: ROA of 0.26%, up 10 bps year over year; NIM at 6.38%.
  • Asset quality: problem loans at 7.72% of loans (-1,071 bps YoY).
  • Capital: net worth / assets of 30.97%, down 729 bps from a year ago.
  • Funding: loans stand at 96.31% of shares as of Q1 2004.

Financial Results

Return on Assets (YTD, annualized)

0.26%+10 bps YoY

Net Interest Margin (YTD, annualized)

6.38%+84 bps YoY

Efficiency Ratio (YTD, annualized)

87.27%+800 bps YoY

Net Worth / Assets

30.97%-729 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2003Q2 2003Q3 2003Q4 2003Q1 2004YoY ΔTrend
Earnings
Return on Assets0.16%-14.95%-8.78%-7.39%0.26%+10 bps
Return on Equity0.41%-45.78%-30.50%-25.95%0.83%+42 bps
Net Interest Margin5.54%6.08%5.15%4.88%6.38%+84 bps
Efficiency Ratio79.27%72.52%79.46%96.73%87.27%+800 bps
Growth
Asset Growth (YoY)-29.40%-29.01%-15.21%-7.26%-1.81%+2,759 bps
Loan Growth (YoY)-38.70%-37.77%-33.85%-11.94%1.88%+4,058 bps
Share Growth (YoY)-40.63%-32.30%-13.71%-1.06%9.79%+5,042 bps
Asset Quality
Delinquent Loans / Loans18.43%14.02%8.05%18.15%7.72%-1,071 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans8.89%10.20%11.47%10.53%10.52%+163 bps
Capital
Risk-Based Capital38.26%32.65%28.78%28.47%30.97%-729 bps
Net Worth / Assets38.26%32.65%28.78%28.47%30.97%-729 bps
Liquidity & Funding
Loans / Shares103.79%87.33%68.22%82.75%96.31%-748 bps
Liquid Assets / Assets40.48%44.62%55.65%46.02%39.76%-72 bps